Zellmann Mark Joseph 4

What Happened

• Mark Joseph Zellmann, President, U.S. Business Lines at Jefferson Capital (JCAP), was granted option-based awards on 2026-03-18 totaling 25,000 underlying shares. The grant consists of two tranches of 12,500 each: one tranche at $20.13 per share (value $251,625) and a second at $34.13 per share (value $426,625). These are derivative awards (stock options) rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-03-18.
• Awards: 12,500 options @ $20.13 (value $251,625) and 12,500 options @ $34.13 (value $426,625); total 25,000 options, roughly $678,250 in aggregate grant value.
• Nature: Derivative (stock option) grants — reported as "A" (award/acquisition).
• Vesting: Options vest 1/5th annually (see footnote F1), i.e., over five years with continued service required.
• Shares owned after transaction: Not specified in the provided filing summary.
• Timeliness: Filing date equals transaction date (2026-03-18); no late filing flag indicated in the provided data.

Context

• These are option grants (not immediate purchases or sales). Options typically give the holder the right to buy shares at the stated exercise/strike prices ($20.13 and $34.13); they must be exercised and vested before becoming actual shares. Such awards are commonly used for retention and incentive; they do not represent an immediate cash transaction or a current sale of shares.